Green Rock gains $5.4m grant for geothermal power

Perth-based renewable energy firm Green Rock has won $5.38 million in state government funding to put towards the development of its Mid West geothermal power project.


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Ahhh, another fine example of why Govt should not be subsidising energy projects of any kind, much less so-called "green" projects: if anyone who had investment funds to risk thought that evidence auggested geothermal would work (outside of, say, Rotorua, where there is an active volcano vent nearby), private investors would be all over the opportunity. But, no. Instead we have one more example of Govt destroying capital for the sake of pushing what is becoming a religious philosophy regarding energy generation. Sad.

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521stMusgrave Minerals-7%-1%
626thKalamazoo Resources-23%0%
687thBlack Rock Mining-37%20%
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386thStephen Copulos$219k
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